Legal updates: May 2020

In this month’s legal updates, Sophie Brookes of Gately Legal considers the issues surrounding AGMs in lockdown and the importance of drafting in completion accounts agreements

Holding an annual general meeting in lockdown: new Q&As

The Financial Reporting Council (FRC) and the Department of Business, Energy and Industrial Strategy (BEIS) have released some questions and answers highlighting measures to be introduced to help companies holding their annual general meeting.

The AGM

Private companies do not have to hold an AGM each year, although they could choose to do so if they wish. A public company, however, must hold an AGM within six months of the end of its financial year.

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